NewsCryptoSolana Mindshare Hits 16.74%, Outpacing Bitcoin and Ethereum as SOL Price Trails

Solana Mindshare Hits 16.74%, Outpacing Bitcoin and Ethereum as SOL Price Trails

Author: Coincentral·

Key Takeaways

  • •Solana led cryptocurrency attention rankings on October 13 with a 16.74% mindshare, surpassing Bitcoin at 6.48% and Ethereum at 3.93%, according to figures attributed to SolanaFloor.
  • •SOL declined roughly 4% to 5% within 24 hours to trade between $105 and $108, dropping beneath the $109–$110 support zone despite growing online attention.
  • •United States spot Solana ETFs recorded about $24.8 million in withdrawals during the week ending October 9, ending a 14-week inflow streak.
  • •Samsung announced plans to support USDC transfers over Solana through its wallet services, with access expected for eligible United States users later in October.
  • •Solana is moving toward 200-millisecond block slots, down from its previous 400-millisecond target, while the Alpenglow upgrade remains under development with an October mainnet target.
Solana Mindshare Hits 16.74%, Outpacing Bitcoin and Ethereum as SOL Price Trails

Solana, a layer-1 blockchain, led cryptocurrency attention rankings with a 16.74% mindshare on October 13, placing it ahead of Bitcoin and Ethereum, according to figures attributed to SolanaFloor. The increase in online attention arrived even as SOL traded between $105 and $108, after declining roughly 4% to 5% within 24 hours.

Solana Takes Lead Over Bitcoin and Ethereum

The figures place Bitcoin's mindshare at 6.48% and Ethereum's at 3.93%. Solana's reading reportedly increased 9.88% over the past month, giving the network a wider lead in the attention ranking.

That rise has not been matched by the token's market performance. SOL fell roughly 4% to 5% over 24 hours, extending weakness seen in recent sessions, when traders tracked support near $109 and $110. The gap between rising attention and a falling token price stands out in the October 13 figures.

Mindshare rankings of this kind are commonly used as a gauge of how much public discussion a network attracts relative to its peers. The reported ranking measures online attention rather than investment flows or trading volume. Its underlying data provider and calculation method remain unclear, limiting direct comparisons with other market indicators. As a result, the figures capture where conversation is concentrated rather than where capital is positioned. The published figures offer no breakdown by platform, region, or type of discussion.

Price Outlook Remains Cautious

The latest price range puts SOL below levels recorded earlier in October and beneath the $109–$110 support zone that traders had monitored in prior sessions. On October 6, the token traded near $121, showing how quickly its market position changed despite growing discussion around the network.

A prediction-market estimate cited in the October 13 report assigned less than a 1% chance of SOL reaching $190 before November. Prediction markets are venues where participants trade contracts tied to specific future outcomes, with contract prices commonly read as the perceived likelihood of each result. The report did not identify the trading venue or contract liquidity behind that estimate.

Meanwhile, developers have pursued faster network operations. An October 9 block-time update outlined Solana's move toward 200-millisecond slots, compared with its previous 400-millisecond target in August. Shorter slots allow more frequent block production.

ETF Withdrawals Add to Market Pressure

Other developments have attracted attention outside trading markets. Samsung announced plans to support USDC transfers over Solana through its wallet services, with access expected for eligible United States users later in October. The planned integration would allow users to move the USDC stablecoin across the Solana network through Samsung's wallet products.

Institutional fund flows have moved in the opposite direction. United States spot Solana ETFs recorded about $24.8 million in withdrawals during the week ending October 9, ending a 14-week inflow streak, according to recent fund data. Spot ETFs hold the underlying token directly and trade on conventional brokerage platforms, giving investors exposure to SOL without requiring direct custody of the asset. The outflows marked a reversal after more than three months of consecutive net inflows.

The network's Alpenglow upgrade also remains under development, with an October mainnet target reported this week. Market participants continue fund flows, network activity, and SOL trading levels as October progresses, with attention metrics and token price moving in different directions.